Purchasing index shows the recession is ending

TANGIBLE evidence that the economy is leaving the recession behind iscontained in the latestfigures on manufacturing.

The NCB Purchasing Managers Index shows the employment sub-index breaching the 50 mark for the first time since November 2007.

Any figure above 50 indicates growth. This was the fourth month in a row that the PMI recorded an increase, up from 53.4 in April to 54.1 last month and it was the best since September 2007, NCB said